Template-Type: ReDIF-Article 1.0

Author-Name: Gergely Manasses
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: manassesg@mnb.hu

Author-Name: Eva Paulik
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: paulike@mnb.hu

Author-Name: Attila Tapaszti
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: tapasztia@mnb.hu


Title: Green Bond Impact Report as an Essential Next Step in Market Development

Abstract: The measurement of the environmental impact of green bonds, its reliability and the
publication of measurement results are crucial for the transparent functioning of the
market and supporting investor decisions. However, this segment of the financial
markets is still at an early stage of maturity, and the lack of adequate data and
methodologies is a common problem that can only be solved by the development
of single-market best practices and regulations. The essay reviews the trends,
characteristics and current regulation of existing green bond impact reports and
describes the challenges of evaluating impact reports, based on the literature and
our own practical experience. In our view, the market has already moved past its
"virtue-signalling PR" stage, but there is still a long way to go before impact data
become as standardised as traditional financial data.

Classification-JEL: G11, O13, O44
Keywords: green bond impact reports, quantification of environmental impacts, impact investing
Pages: 180-204
Volume: 21
Issue: 4
Year: 2022
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-21-4-e2-manasses-paulik-tapaszti.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:21:y:2022:i:4:p:180-204